Only 42 SOEs equitised in eight months: steering committee
Only 42 State-owned enterprises (SOEs) and two public service institutions were equitised between January and August this year, according to the Steering Committee for Business Reform and Development.
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The steering committee said 48 SOEs have had equitisation plans approved this year. The total value of these firms is roughly US$1.4 billion, US$1.04 billion of which belongs to the State.
Under the approved plans, the SOEs will have a combined charter capital of more than US$1.03 billion, of which the State holds more than US$493 million.
Nearly US$336.1 million of shares will be sold to investors, VND342 billion to workers, VND6.7 billion to trade unions, and more than VND4.1 trillion will be put up for initial public offering (IPO).
The Steering Committee for Business Reform and Development is supervising the approved restructuring to speed up SOE equitisation, aiming to make the companies more efficient.
